Quote: (10-31-2012 05:45 PM)WestIndianArchie Wrote:
0) But what i've learned after dealing with various businesses
- Don't take a loan or give away equity
- If you have to choose between a loan and equity, taking a loan is a better option.
- best friends and family members will sue each other. A contract doesn't stop a lawsuit, but at least it defines the roles and duties, and it can help in a lawsuit.
- it's best to start small and self fund as much as possible.
This way your customers are funding your production.
Why is taking a loan the better option?
And what do you mean by your customers are funding your protection?